EIN 38-0960035

Credit Unions Chartered By the State of Michigan - 85 Community Choice Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
469
Year formed
1935
Most recent tax filings
2022-12-01
Description
Established in 1935, Community Choice Credit Union offers a wide variety of financial products and services for both consumers and businesses. Community Choice Credit Union and its team members are dedicated to improving the communities they serve. Michigan is also their home and they take pride in giving back and giving big. Their community services are centered around their member center locations throughout Michigan. Once you become a member of Community Choice Credit Union, you remain a member for life, even if you change jobs, retire or relocate.
Related structure
Credit Unions Chartered By the State of Michigan - 85 Community Choice Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Union Chartered in the State of Community Choice Credit Union; 85 Community Choice Credit Union
Total revenues
$84,137,393
2022
Total expenses
$70,833,474
2022
Total assets
$1,750,069,029
2022
Num. employees
469
2022

Program areas at Credit Unions Chartered By the State of Michigan - 85 Community Choice Credit Union

Lending: helped members change their addresses and make updates to their homes by loaning them $97.1 million in mortgages and home equity loans; lent a helping hand to business members loaning them $79.6 million; and helped members get back to the office by loaning $295.3 million in auto loans.
Rewards: paid over $3.5 million in rewards to members in 2022. Rewards are paid for members use of products and services including debit cards, loans, and deposits.
Deposits: members deposited over $1.5 billion in savings, checking, business, and investments accounts including ira and cds.

Grants made by Credit Unions Chartered By the State of Michigan - 85 Community Choice Credit Union

GranteeGrant descriptionAmount
Community Choice FoundationCharitable Contribution$100,000

Personnel at Credit Unions Chartered By the State of Michigan - 85 Community Choice Credit Union

NameTitleCompensation
Robert BavaChief Executive Officer$881,109
Daniel MunroChief Operating Officer and Executive Vice President / Chief Information Officer$468,809
Kelli Wisner-FrankChief Financial Officer$373,362
Jenny LudwigsenVice President Marketing$224,174
Carlington BucknorVice President of Technology$224,451
...and 10 more key personnel

Financials for Credit Unions Chartered By the State of Michigan - 85 Community Choice Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$76,733,478
Investment income and dividends$4,524,052
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$545,301
Net gain from sale of non-inventory assets$140,913
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,193,649
Total revenues$84,137,393

Form 990s for Credit Unions Chartered By the State of Michigan - 85 Community Choice Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-09990View PDF
2020-122021-11-15990View PDF
2019-122021-06-24990View PDF
2018-122020-02-04990View PDF
...and 10 more Form 990s
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
July 7, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
Public policy
Characteristics
MembershipsState / local levelCommunity engagement / volunteering
General information
Address
31155 Northwestern Hwy
Farmington Hills, MI 48334
Metro area
Detroit-Warren-Dearborn, MI
County
Oakland County, MI
Website URL
communitychoicecu.com/ 
Phone
(877) 243-2528
Facebook page
CommunityChoiceCreditUnion 
Twitter profile
@commchoicecu 
IRS details
EIN
38-0960035
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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